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Really I'm still kind of in awe (and doubt) with the economics behind this shoe... A semi-mass produced article of clothing made from coated canvas, a bit of leather, rubber and some random fabrics a

August 14, 2023

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Really I'm still kind of in awe (and doubt) with the economics behind this shoe...

A semi-mass produced article of clothing made from coated canvas, a bit of leather, rubber and some random fabrics and some glue...pulling in...obscene amounts of money.

When they first dropped on Sotheby's, I think I saw an average of around $125k/pair...which...I dunno...it's just a buttload of money. They sold 200 pairs and they brought in $25.3m.

Yeah, I know. Watches and cars and art and cards and handbags and...NFTs...I get it. Collectors are just a rare breed.

I guess...I wonder a lot about the buyers. Like...what was their ultimate goal? To wear? To show to guests at their home? To resell later on down the line? I know everyone has different reasons for their purchases, but I'm just *really* curious about the people who purchased these and their reasons.

Is this an iconic shoe?
Yeah, I mean, it kind of has to be. Even if I think it's anathema to everything most of us late 90's/early 00's sneakerheads hold dearly, it's certainly something to take note of - it's undeniable.

Anyway...I see these pop up on my WeChat timeline every once in a while and I always kinda think.. 'what if?'

Tags: PE
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